What is the difference between a 'fixed-price' grant and a 'cost-reimbursement' grant in terms of budget flexibility?
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A
Fixed-price grants reimburse actual costs; cost-reimbursement grants pay a set amount regardless of spending
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B
Cost-reimbursement grants reimburse documented actual costs; fixed-price grants pay an agreed amount regardless of actual costs
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C
Both types require the same level of financial reporting
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D
Fixed-price grants are only available from private foundations